POW! Entertainment Inc. (fka POWN)

[rickn23]

I was thinking todays action was somebody dumping their position, slowing down the dumping, as they saw how fast the shareprice was falling.

The market makers can usually cause the price to fall with less shares. They can also hold the price down through most of the day. I would hazard a guess that if they short the stock it would be for a few days at the most.

Without an earnings report, the market makers can set the price of the shares. There are no hard numbers for a reasonable valuation of the company. And without the quarterly reports we only get volume spike in buying and price when news comes out. If the market makers are good at their job, they can avoid getting hurt too bad.